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New Single Family Home Sales Jump in March
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
New Single Family Home Sales Jump in March
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
New Single Family Home Sales Jump in March

April 25, 2011 (Jeff Alan)
mortgage-newhome-image
Sales of new single family residential homes jumped in March according to the latest report released jointly by the Census Bureau and the Department of Housing and Urban Development (HUD). Data from the report shows that new single family homes sold at a seasonally adjusted rate of 300,000, which is an increase of 11.1 percent from February’s revised total of 270,000.

However, sales remain far below March of 2010 when an estimated 384,000 new single family homes were sold.

Home builders have been suffering record low new home sales as the price gap between existing homes, pressured by the flow of distressed properties hitting the market, and new homes has widened, weakening demand for new homes.

Unfortunately, home prices continued to slump as the median sales price of a new home sold in March was $213,000, while the average sales price was $246,000. In February the median sales prices was slightly lower at $207,700, however, the average sales price was higher at $256,600. In March of 2010, the median price was $224,800 and the average price was $262,900.

The largest gains in sales were seen in the Northeast where 30,000 sales were recorded in March compared to 18,000 sales in February, a 67 percent gain in sales. However, the low sales in February are attributed to the severe winter weather that the region experienced during the month.

All four regions experienced sales increases from February to March with the exception of the South, which had a slight decrease from 163,000 new home sales in February to 162,000 in March.

New home inventory continued to be at record lows not seen in over 40 years, as only a seasonally adjusted estimated 182,000 new homes were for sale at the end of March, virtually unchanged from February and 45,000 less than a year ago. At current sales rates, that represents a 7.3 month supply of new homes.

Tags: single family homes, new homes, HUD, Census Bureau, home builders, median price, average home price, home inventory, distressed properties

Source:
Census Bureau
rerockstar (image)

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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BUYING OR SELLING A HOME IS A BIG DECISION
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

April 25, 2011 (Jeff Alan)
mortgage-newhome-image
Sales of new single family residential homes jumped in March according to the latest report released jointly by the Census Bureau and the Department of Housing and Urban Development (HUD). Data from the report shows that new single family homes sold at a seasonally adjusted rate of 300,000, which is an increase of 11.1 percent from February’s revised total of 270,000.

However, sales remain far below March of 2010 when an estimated 384,000 new single family homes were sold.

Home builders have been suffering record low new home sales as the price gap between existing homes, pressured by the flow of distressed properties hitting the market, and new homes has widened, weakening demand for new homes.

Unfortunately, home prices continued to slump as the median sales price of a new home sold in March was $213,000, while the average sales price was $246,000. In February the median sales prices was slightly lower at $207,700, however, the average sales price was higher at $256,600. In March of 2010, the median price was $224,800 and the average price was $262,900.

The largest gains in sales were seen in the Northeast where 30,000 sales were recorded in March compared to 18,000 sales in February, a 67 percent gain in sales. However, the low sales in February are attributed to the severe winter weather that the region experienced during the month.

All four regions experienced sales increases from February to March with the exception of the South, which had a slight decrease from 163,000 new home sales in February to 162,000 in March.

New home inventory continued to be at record lows not seen in over 40 years, as only a seasonally adjusted estimated 182,000 new homes were for sale at the end of March, virtually unchanged from February and 45,000 less than a year ago. At current sales rates, that represents a 7.3 month supply of new homes.

Tags: single family homes, new homes, HUD, Census Bureau, home builders, median price, average home price, home inventory, distressed properties

Source:
Census Bureau
rerockstar (image)

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

April 25, 2011 (Jeff Alan)
mortgage-newhome-image
Sales of new single family residential homes jumped in March according to the latest report released jointly by the Census Bureau and the Department of Housing and Urban Development (HUD). Data from the report shows that new single family homes sold at a seasonally adjusted rate of 300,000, which is an increase of 11.1 percent from February’s revised total of 270,000.

However, sales remain far below March of 2010 when an estimated 384,000 new single family homes were sold.

Home builders have been suffering record low new home sales as the price gap between existing homes, pressured by the flow of distressed properties hitting the market, and new homes has widened, weakening demand for new homes.

Unfortunately, home prices continued to slump as the median sales price of a new home sold in March was $213,000, while the average sales price was $246,000. In February the median sales prices was slightly lower at $207,700, however, the average sales price was higher at $256,600. In March of 2010, the median price was $224,800 and the average price was $262,900.

The largest gains in sales were seen in the Northeast where 30,000 sales were recorded in March compared to 18,000 sales in February, a 67 percent gain in sales. However, the low sales in February are attributed to the severe winter weather that the region experienced during the month.

All four regions experienced sales increases from February to March with the exception of the South, which had a slight decrease from 163,000 new home sales in February to 162,000 in March.

New home inventory continued to be at record lows not seen in over 40 years, as only a seasonally adjusted estimated 182,000 new homes were for sale at the end of March, virtually unchanged from February and 45,000 less than a year ago. At current sales rates, that represents a 7.3 month supply of new homes.

Tags: single family homes, new homes, HUD, Census Bureau, home builders, median price, average home price, home inventory, distressed properties

Source:
Census Bureau
rerockstar (image)

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS